TSX:LSG.DB - Post by User
Comment by
bossuon Sep 21, 2015 11:00am
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Post# 24121729
RE:RE:RE:Interesting Article in the Financial Post
RE:RE:RE:Interesting Article in the Financial PostQuote from Tony:""If we stayed at low production rates and didn't invest capital we never would have made money.There was a point of inflection around 2700 t/d where suddenly our costs were coming down and our productivity was going up''.And now they are producing 3500 t/d and making very good cash flow at $1125 US/oz or $1500 CN.
What I like very much in the Friday news release announcing the closing of the Temex acquisition is what Tony was saying: ''As we work towards fully utilizing the processing potential of our Bell Creek mill and incresing our production overall profile in Timmins camp''
So a good indication that they may annonce soon another increase at the Bell Creek mill from 3500 t/d to 5500 t/d.
In the same article in the FP, the author was saying that at US $1100/oz ,25 percent of global gold poduction is losing money while Lake Shore is profitable.
Lots of good news to be announced in the next six month.
We simply have to be patient!